This paper proposes and estimates a globally flexible functional form for the cost function, which we call Neural Cost Function (NCF). The proposed specification imposes a priori and satisfies globally all the properties that economic theory dictates. The functional form can be estimated easily...

In this paper, we estimate a GVAR model in order to study the transmission of shocks between the EU15 and the USA economies, respectively, on a quarterly basis in the 2000 (Q1)–2011 (Q4) time span. Our work is based on the global variables of trade and credit which act as the transmission...

This article studies business cycles with the use of a novel Goodwin--Keynes type model. Based on its derived equations of motion and dynamic properties, we estimate the proposed model for the case of the German economy, the locomotive of the EMU, in the period 1991 to 2007, using relevant...

Using households with a pair of male-female siblings from DHS surveys, this paper estimates gender based within-household inequality in immunization status of children (aged 1-5 years) from Bangladesh, India, Nepal and Pakistan. I find substantial level of gender based within-household...

In this article, we employ a number of econometric techniques in order to examine, on a quarterly basis, the transmission of fluctuations between the Greek and the other economic and monetary union (EMU) countries, respectively, after the introduction of the common currency in the period...

Efficiency analysis is an important tool for evaluating firms' performance. This paper introduces a novel approach for measuring technical efficiency (TE) in the case of technologies with multiple outputs which deals with the endogeneity of outputs issue. The proposed approach uses Artificial...

The output distance function is a key concept in economics. However, its empirical estimation often violates properties dictated by neoclassical production theory. In this paper, we introduce the neural distance function (NDF) which constitutes a global approximation to any arbitrary production...

Productivity and efficiency analyses have been indispensable tools for evaluating firms’ performance in the banking sector. In this context, the use of Artificial Neural Networks (ANNs) has been recently proposed in order to obtain a globally flexible functional form which is capable of...

The present article estimates potential labour and labour gap as well as potential output and output gap using a Cobb-Douglas production function and a Hodrick-Prescott filter. We investigate the Athens Region in Greece by sector of economic activity, with the aid of the non-accelerating wage...

This paper calculates the environmental effects of the Attiki Odos (AOD) motorway investment expenditures in the Athens Metropolitan Area (AMA), Greece. The AOD is incorporated in the Trans-European Networks (TEN) and is a priority project aimed at developing the AMA. Input ‚Äí output...